Quiksilver agrees to buy Rossignol for $320M

KabirChibber

LONDON (MarketWatch) -- Surfing brand Quiksilver Inc.
zqk
said it has agreed to buy French skiing icon Groupe Rossignol SA
FR:012041
for $320 million, with 70 percent to be paid in cash and 30 percent in Quiksilver shares. Quiksilver believes the acquisition will be earnings accretive by between 4 cents and 6 cents per share in the current fiscal year. Rossignol shares have been halted throughout the day in Paris.

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